Arbitrum price
Arbitrum’s price has declined by 3.6% to $0.31 as bearish momentum grows during a broader downturn in the cryptocurrency market. Technical indicators reveal ongoing downward pressure on the asset. The Relative Strength Index (RSI) is currently at 36, indicating weakness, while the Moving Average Convergence Divergence (MACD) shows a bearish divergence. This bearish sentiment persists despite the lack of significant catalysts affecting the market. Traders and investors are closely monitoring these technical signals as they navigate the current market environment. The combination of the RSI and MACD suggests that continued selling pressure may be imminent if conditions do not improve.
